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Wednesday, 12 February 14
NEW BUILDING ORDERS REACHING NEW POST-CRISIS HEIGHTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners are looking to take advantage of the last few attractive deals in the new building market, before prices start climbing to new highs and are piling up the orders in a frantic pace. According to the latest weekly reports from shipbrokers, activity has kept on rising, with the deals done prior to the Chinese holidays now surfacing. According to the latest weekly report from shipbroker Golden Destiny, there were orders for 103 vessels over the course of the past week. Those ships are equalling to a total deadweight of 2,959,787 tons, while 51 transactions were reported at an undisclosed prices. The invested capital for the remainder of the orders stood at $1.1 billion (52 new orders).
According to the report, in total there were orders for 43 bulkers, 28 tankers, 5 gas tankers, 10 containers and 17 special projects. These numbers translate to an increase of 134% versus the same week of 2013 (which already had seen significant increase over 2012), while on a weekly basis the increase stood at 69%. Golden Destiny noted that "the largest volume of new building activity is reported in bulk carrier with focus in the ultramax/kamsarmax/cape-size segment and in the tanker with focus on the handymax/handy size chemical segment. Orders for bulk carriers held 42% Share of this week’s ordering activity; tankers 27% share, gas tankers 5% share, containers 10% share and special projects 17% share. At similar week in 2013, 44 fresh orders had been reported with the largest activity in the bulk carrier/tanker segment -14 and 19 reported new contracts respectively. (14 bulkers,19 tankers, 2 gas tankers, 2 containers, 2 Ro-Ro and 5 special projects). Compared with previous week’s levels, a large increase of 75% is recorded in the volume of new orders for tankers (28 new orders from 16 in the last week) and 48% increase in the bulker segment (43 new orders from 29 last week). A weekly decrease of 29% is recorded in the gas segment (5new orders from 7 in the last week. In the container segment, the post panamax vessels emerged again in the frontline, while in the offshore segment, there is 325% weekly increase. (17 new contracts from 4 in the last week)", the Piraeus-based shipbroker said.
In a separate report, Clarkson Hellas said that in the dry bulk segment, "NK Shipping is reported to have extended their series of 82,000 DWT Kamsarmax at Weihai Samjin, taking the total series to six vessels. Pricing was not disclosed; however delivery of the latest two is planned for the first quarter of 2017. China Merchants Energy Shipping additionally declared four further options in a series of 64,000 DWT Ultramax at Chengxi Shipyard. The latest vessels are due to deliver in 2017, taking the series to ten vessels".
In the tanker market, the shipbroker mentioned "further orders in the VLCC sector to report this week, with clients of Oceanbulk Maritime contracting two firm 300,000 DWT crude carriers at Hyundai Heavy, both for delivery in 2016. Although contracts were signed at the end of last year, it has come to light that Clients of Neda Maritime have placed an order for two firm 110,000 DWT LR2 product carriers at Sumitomo Heavy, due to deliver in the second half of 2015".
In other segments, there was "just one order to report in the container market; UASC have taken their series of 14,000 TEU container carriers at HHI to eleven vessels by declaring a further six options. Delivery of the latest tranche is due within 2016. To remind you, UASC also has orders for five 18,000 TEU ultra large container carriers at the same yard with delivery starting in 2014. Maran Gas has declared options for the third and fourth in a series of 173,400 CBM LNG carriers at DSME, delivering in the final quarter of 2016. In the smaller sizes, clients of Brave Maritime have contracted a single 5,000 CBM LPG carrier at Sasaki in Japan, due to deliver at the end of 2014", Clarkson Hellas concluded.
DEMOLITION ACTIVITY
Meanwhile, in terms of demolition activity, which has slowed down considerably over the past few months, on the back of renewed market sentiment on the freight market, Golden Destiny noted that "Indian ship recyclers have emerged very aggressive by offering the best levels in the Indian subcontinent region for attracting new tonnage from bulkers and containers for disposal at levels far above of $400/ldt. In the meantime, the upcoming Central Elections scheduled for May 2014 in India have started to create political uncertainty that may impact negative the fierce position of Indian in the demolition scene, while Bangladesh tries to compete with the Indian offers. Pakistan still appears unable to compete with Indian rivals, while Chinese New Year has brought silent scrapping activity for Chinese demolition market".
The shipbroker added that "in terms of deadweight sent for scrap, there has been 28% weekly decrease with 3 demolition deals reported for large vessel size categories in the container panama segment (4,000-5,000TEU). India is reportedly to have won 8 of the 13 demolition transactions, Bangladesh 3, Turkey 1, while no activity is reported for Pakistan and China. Benchmark scraps prices in the Indian subcontinent region: $415-430/ldt for dry and $455-$460/ldt for wet cargo. Scrap prices in China hover at $340/ldt for dry and $350/ldt for wet cargo. At a similar week in 2013, demolition activity was up by 38%, in terms of the reported number of transactions, when 18 vessels had been reported for scrap of total deadweight 945,368 tons with 6 disposals for bulkers,2 tankers, 6 containers, 1 reefer, 1 Ro-Ro and 1 combined. Ship-breakers in Indian subcontinent region had been offering lower levels of the current year, $400-410/ldt for dry and $430-$435/ldt for wet cargo", Golden Destiny concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 02 May 14
US WEEKLY COAL PRODUCTION RELATIVELY FLAT AT -0.1%, SAYS EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.0 million short tons (mmst) of coal i ...
Friday, 02 May 14
DRY BULK MARKET SHOWING SIGNS OF COMEBACK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market which has been hovering below the 1,000-point market (BDI) during the past couple of weeks, could be exhibiting signs of a s ...
Thursday, 01 May 14
INDONESIA EXPORT BAN POINTS TO QUESTIONS OVER CHINA'S LONG-TERM BAUXITE SUPPLY - WOOD MACKENZIE
China’s Bauxite demand forecast to reach 240 million tonnes by 2030
In light of the Indonesian mineral ore ban that came into force o ...
Thursday, 01 May 14
DRY BULK MARKET STILL REELING UNDER PRESSURE FROM VARIOUS FACTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market's revival is still overdue, as the industry's benchmark, the BDI is still lagging below the 1,000-point mark. In fac ...
Wednesday, 30 April 14
FREIGHT MARKET FOR DRY BULKERS STILL REMAINS WEAK - INTERMODAL
One week after the Easter holiday and the celebration for the resurrection of Christ, everybody expected to see a similar sign of a revival in t ...
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- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Australian Coal Association
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- The University of Queensland
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
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